Money required for operation and maintenance
46 Money required for operation and maintenance
The Minister and the Trust must determine at least three months before the commencement of each contribution year the amount of money that the
Trust will require (in addition to the funds that are already available to it) to operate and maintain the Scheme infrastructure in accordance with this Act and to carry out its other functions under this Act during that year.
The amount determined under subsection (1) may include an amount to cover a shortfall in the Trust's budget from the previous contribution year.
If the Minister and the Trust fail to reach agreement at least three months before the commencement of the contribution year on the amount required, the amount required will be taken to be the amount determined by the
Minister as being the amount that is likely, in his or her opinion, to be required for those purposes.
The amount must include (but is not limited to) the following components:
the amount required to cover the cost of maintaining, repairing and replacing the Scheme infrastructure during the relevant contribution year;
and
the amount required to cover the cost of pumping water into the disposal basins and any related expenses that are not covered in the component referred to in paragraph (a); and
a contribution to the future cost of the maintenance, repair and replacement of the Scheme infrastructure.
The amount of the component referred to in subsection (4)(c) must be calculated to spread the burden of future costs as far as possible equally amongst those who are presently, and those who in the future will be, liable for the maintenance of the Scheme.
The Minister must determine the amount required to cover the costs of, and relating to, the recovery from the persons liable under section 55 of the amount paid by the Treasurer to the Trust under section 47 in respect of the relevant contribution year.
On or before 15 August in each year (or, in respect of the
2000/2001 contribution year, some other date agreed between the Minister and the Treasurer), the Minister must inform the Treasurer in writing of the amount determined under subsection (1) or (3) in respect of the immediately following contribution year.
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